CryptoLoanFinder: Easy Way To Find The Best Crypto Asset Lending Platforms?
What Is CryptoLoanFinder?
CryptoLoanFinder is an online platform that provides users with the opportunity to access secure loans using their cryptocurrencies as collateral. The platform features well-detailed information on different lenders. Users can utilize CryptoLoanFinder to find lenders issuing loans at the best rates.
The platform seeks to solve the current challenge where crypto owners that wanted loans in form of cash would have to undergo the difficult task of finding all lenders in the crypto market and comparing them.
In addition, the platform also seeks to encourage crypto owners to take crypto loans when in need of loans instead of selling their cryptocurrencies. This ensures that they retain ownership of their cryptocurrencies and benefit from them when their value increases. Furthermore, crypto owners can avoid the high taxes charged by most countries when they sell their tokens.
How CryptoLoanFinder Finds Crypto Asset Lending Platforms
There are two types of loans for users to select from—business and personal loans. Once the user has selected what kind of loan they want, they will also be required to input which country they are applying the loan from as well as their state. There are various types of cryptocurrencies, which users can present as collateral such as Bitcoin, Ethereum, Litecoin, Binance coin and many more. All the loans are issued in US dollars the minimum amount being USD 1000 while the maximum for most of the lenders is USD 2,000,000.
Each lender provides the minimum interest of the loans they will issue as well as the fees associated with the loan for instance, originating, prepayment, and closing fees. The lenders will also provide details repayment plan and this will include the schedule, the total period that the user will have to repay the loan and what type of repayment it is.
Lenders listed on CryptoLoanFinder offer loans on a Loan-To-Value basis, which is defined as the ratio of the cash the borrower gets and the crypto that the borrower will provide as collateral. If the risk of the collateral is dropping in value, the LTV will be low and the interest rate will be low. Therefore, the interest rates of the loans issued by the lenders on CryptoLoanFinder are not determined by the amount of the loan or the duration of the loan.
Access To Loans
The platform features a detailed list of crypto P2P lending platform where borrowers can use their cryptocurrencies in order to access low interest rate loans that are also secure in form of dollars. The lenders provide loans to users regardless of their credit score.
Lack Of Geographical Limitations
Borrowers and lenders from around the world can use the CryptoLoanFinder platform, which will unify the worldwide lending platform and ensure that there is fair competition globally.
The CryptoLoanFinder is designed in a way that makes it informative and easy to use. Therefore, borrowers do not need technical expertise to access the list of lenders on the platform. The website is also functional 24/7 meaning that users can access it at any time of the day.